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Nov 13, 2012
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CURRENT
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therefore they're not going to go along--even if boehner wants them to go along. both sides the president and democrats on one side, boehner and the republicans are basically maneuvering for bargaining position for what is going to be a long-term negotiation. >> eliot: they're just shadow boxing, i think that's exactly right. i wonder and i'm trying to assess--i have no knowledge of what goes on inside the republican party but i'm trying to discern if boehner has more strength now than he did when this negotiation took place lose yearlastyear. does he have the political strength because his party lost, can he look eric cantor in the eye and other republican leaders in the eye and say we have no choice but to cut a deal that is now on the president's terms? >> i think the strongest bargaining level he has is not so much that the republicans lost the election but beginning january 1st tax rates do go up particularly on the wealthy automatically. that's when the bush tax cut is basically terminated. the president has that bargaining power. essentially in washington d
therefore they're not going to go along--even if boehner wants them to go along. both sides the president and democrats on one side, boehner and the republicans are basically maneuvering for bargaining position for what is going to be a long-term negotiation. >> eliot: they're just shadow boxing, i think that's exactly right. i wonder and i'm trying to assess--i have no knowledge of what goes on inside the republican party but i'm trying to discern if boehner has more strength now than he...
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Nov 13, 2012
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look at speaker boehner, he's showing that we need to show leadership. we have to work with the president. they have the message and they'll respond appropriately and you'll see. >> that's very optimistic. i think, i degree with armstrong, the next few weeks whether they got the message or not. we have this big issue coming up with all of these fiscal issues and boehner a year and a half ago, when this came up the last time, he was basically whipped by the tea party wing of his party. so, the real question is, whether he's able to go back to that tea party link and say what armstrong just said, work with the president, some degree on compromise on taxes and raising revenues. i think it's an open question whether he can do that and whether he can succeed in doing that. >> gentlemen, thanks so much. i appreciate your time today. >>> stick around. up next, i got actor and activist ally sheedy waiting in the wings. she'll be with me in a second. >>> welcome back. tens of thousands are still in the dark after hurricane sandy. power crews in new york and new j
look at speaker boehner, he's showing that we need to show leadership. we have to work with the president. they have the message and they'll respond appropriately and you'll see. >> that's very optimistic. i think, i degree with armstrong, the next few weeks whether they got the message or not. we have this big issue coming up with all of these fiscal issues and boehner a year and a half ago, when this came up the last time, he was basically whipped by the tea party wing of his party. so,...
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Nov 14, 2012
11/12
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say republicans do not quite see things that way, speaker boehner refusing to consider a rate hike would put the would expect of an end of year deal to avoid a cliff locking more like a chasm. the public debt watcher is our guest. what do you think? >>guest: well, the president did double down on raising taxes today. he is taking the easy way out. he didn't talk about spending. he had a casual mention of cutting spending and addressing entitlements and those are the drivers of the debt. we have to be clear this starting offer is $1.6 trillion raising taxes we had $1.2 trillion deficit just last year. i don't think this is a one-sided problem. >>neil: something happened between the negotiating situation and removing the other argument, the spending argument and $1.6 trillion insisting it be a rate cut orate hike, he has removed doubt where the negotiations should go. is he interpreting or overinterpretting the election? he says the american people support that view. what do you think? >> i don't think the american people support that. if his own campaign, axelrod came out and said the pre
say republicans do not quite see things that way, speaker boehner refusing to consider a rate hike would put the would expect of an end of year deal to avoid a cliff locking more like a chasm. the public debt watcher is our guest. what do you think? >>guest: well, the president did double down on raising taxes today. he is taking the easy way out. he didn't talk about spending. he had a casual mention of cutting spending and addressing entitlements and those are the drivers of the debt....
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Nov 12, 2012
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earlier, house speaker john boehner told reporters that allowing tax cuts for the wealthy to expire at the end of the year would be harmful to the economy. "the congressional budget office released a report that the most harmful consequences of the fiscal cliff come from increasing tax rates, and according to ernst and young, raising the top rates would destroy nearly 700,000 jobs in our country." the fiscal cliff is the result of the unresolved debt ceiling debate a year-and-a-half ago: $110 billion in spending cuts - half of it defense-related. it's also a list of tax breaks about to expire that includes: the bush tax cuts, the alternative minimum tax, reduced payroll tax, and the federal unemployment benefit extension. some believe that negotiations come so soon after the election that it may put pressure on republicans to compromise. "it's going to be a disaster if it doesn't get done, and the blame will be on them. they have to compromise - something they didn't do in the last session." when pressed for details as to what ground republicans could give in negotiations, house speake
earlier, house speaker john boehner told reporters that allowing tax cuts for the wealthy to expire at the end of the year would be harmful to the economy. "the congressional budget office released a report that the most harmful consequences of the fiscal cliff come from increasing tax rates, and according to ernst and young, raising the top rates would destroy nearly 700,000 jobs in our country." the fiscal cliff is the result of the unresolved debt ceiling debate a year-and-a-half...
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Nov 15, 2012
11/12
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. >> reporter: but john boehner has balked at that idea. it would take away his party's leverage in fiscal cliff issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of raising their tax rates. >> we're not going to hurt our economy and make job creation more difficult, which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't do enough to cut the deficit. they will have that argument face to face with boehner on friday. >> one of the most frequent criticisms we've heard over the past few years from members on both sides is that you haven't done enough to reach out and build relationships. are there concrete ways that you plan to approach your relationships with congress in the se
. >> reporter: but john boehner has balked at that idea. it would take away his party's leverage in fiscal cliff issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of...
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Nov 12, 2012
11/12
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boehner and the president were close to a deal last year. the so called grand bargain, $4 trillion in debt reduction including politically sensitive changes to social security and medicare. many think that blueprint still works. >> and the real problem is uncontrolled entitlement spending and the government that has grown massively, not just under this administration, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress at all, you're going to see the anxiety and the nervousness growing both in the markets and in corporate boardrooms. it's going to be a rough two months for the u.s. economy. >>> two weeks after the destruction from hurricane sandy, victims are still trying to put their lives back together. more than 100,000 homes and businesses in new york and new jersey are without electricity as they struggle to rebuild. a 77-year-old man has died of injuries from a fall as sandy hit new york, bringing the city's d
boehner and the president were close to a deal last year. the so called grand bargain, $4 trillion in debt reduction including politically sensitive changes to social security and medicare. many think that blueprint still works. >> and the real problem is uncontrolled entitlement spending and the government that has grown massively, not just under this administration, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags...
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Nov 13, 2012
11/12
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to be speaker boehner, a lot of republicans running with tail between their tails here. on deep end like tax, immigrations and reform. they may be caving on issues that tea partiers held near and dear. dick armey, a big tea party player, freedom works, how do you feel about that for one of a better term, dressing down on part of speaker boehner on republican troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him the position he is in. but i am also reminded of what ronald reagan taught us years ago, good policy makes good politics, john boehner needs to emphasis economic growth, is the way to get increased revenue. and there is two ways to -- two imperatives, dress down reduce, and discipline our government run among so there is confidence to grow in private sector then a tax system that accommodates that growth. if you will dress a tax system of this country, from the point of view of what is fair, have you taken the most simple minded way to address taxes. taxes are about raising the necessary
to be speaker boehner, a lot of republicans running with tail between their tails here. on deep end like tax, immigrations and reform. they may be caving on issues that tea partiers held near and dear. dick armey, a big tea party player, freedom works, how do you feel about that for one of a better term, dressing down on part of speaker boehner on republican troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him...
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Nov 12, 2012
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boehner and the president were close to a deal last year. the so-called grand bargain, 4 trillion in debt reduction. many think that blueprint still works. >> and the real problem is, uncriminaled entitlement spending and a government that has grown massively. not just under this administration. >> reporter: experts warn of serious damage to the economy, if the standoff drags on. >> three or four weeks from now, they're making no progress at all, you're going to see the anxiety and the nervousness growing in the markets and the corporate board rooms. >>> two weeks after the destruction from hurricane sandy, victims are still trying to put their lives back together. more than 100,000 homes and businesses in new york and new jersey are without electricity, as they struggle to rebuild. a 77-year-old man has died of injuries from a fall, as sandy hit new york, bringing the city's death toll to 43. >>> homeland security janet napolitano met with disaster victims in new york. >>> and now, for a look at the national weather, we turn to bill karins
boehner and the president were close to a deal last year. the so-called grand bargain, 4 trillion in debt reduction. many think that blueprint still works. >> and the real problem is, uncriminaled entitlement spending and a government that has grown massively. not just under this administration. >> reporter: experts warn of serious damage to the economy, if the standoff drags on. >> three or four weeks from now, they're making no progress at all, you're going to see the...
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Nov 15, 2012
11/12
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last week, house speaker john boehner said that congress has ways to avert the fiscal crisis, but rewriting the tax code in two or three weeks is not one of them. lawmakers have until midnight on new year's eve to reach an agreement. the first round of meetings begins today. hurricane sandy's power-packed winds swept away sales momentum in the retail sector, especially in the car industry. prior to the storm, retail sales were edging higher. the month of september was revised up 1.3% from 1.1%. but after sandy, overall, retail sales slid .3% in october, the first dip in 3 months. automaker sales plunged 1.5%, the larget drop since august of 2011. car makers blame the storm for sluggish sales and predict a rebound in november. the national automobile dealer'' association is standing by its prediction that as many as a quarter of a million vehicles suffered damage from superstorm sandy. and as our cover story explains, many of them could be resold at auction and wind up on used car lots from coast-to- coast. the national automobile dealer'' association says despite fewer than 40,000 claims fi
last week, house speaker john boehner said that congress has ways to avert the fiscal crisis, but rewriting the tax code in two or three weeks is not one of them. lawmakers have until midnight on new year's eve to reach an agreement. the first round of meetings begins today. hurricane sandy's power-packed winds swept away sales momentum in the retail sector, especially in the car industry. prior to the storm, retail sales were edging higher. the month of september was revised up 1.3% from 1.1%....
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Nov 12, 2012
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listen to boehner talking. as long as he's talking about not raising tax rates, we're on a path to a deal. if he starts talking about not raising taxes, maybe we're off the track. >> all right. we'll look for keywords. thank you very much. i know we'll talk with you probably every day including the 11th hour when this is finally done. >> happy to do it. >> on lessons learned from last week's election, our first read team asks, is the independent vote overrated? what do you think? they noted that romney won the independent vote 50/45. joining me now is mark murray. you and your team don't just point to mitt romney losing. others have lost banking on the independent voter. >> when we look at a poll or exit poll, are you winning independent voters? that's seen as winning the middle of the electorate, the people who decide a presidential contest. as you alluded to, in two of the last three presidential elections, the candidate who ended up winning the independent vote ended up losing the presidential contest. john
listen to boehner talking. as long as he's talking about not raising tax rates, we're on a path to a deal. if he starts talking about not raising taxes, maybe we're off the track. >> all right. we'll look for keywords. thank you very much. i know we'll talk with you probably every day including the 11th hour when this is finally done. >> happy to do it. >> on lessons learned from last week's election, our first read team asks, is the independent vote overrated? what do you...
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Nov 12, 2012
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so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i think eventually they are going to get a deal, but i think it'll probably be a two-step process where they get some type of down payment on tax reform and then do something larger in the new year with the new congress being sworn in. so, but how do you do that, how do you have one-step process? i think you've got to have the parameters of what you're going to do next year now. boehner does not want a huge deal in the lame duck. he says that the new congress should be in session when you're going to do this, the newly-elected people. so it's goi
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i...
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Nov 12, 2012
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boehner says he's open to that but not by raising the so-called tax rate. he's opened to that by eliminating tax loopholes and exemptions and generating tax revenue by an improved economy if the gdp goes up. people will be making more money, presumably, that's the theory. there's some maneuverability. i suspect the pressure is so great that they will get some kind of a deal. it may not be a permanent deal but maybe enough to kick the ball down the road and study major tax reform over the next year. >> and so the congressional budget office came out with a report last week that seems to give the republicans some political cover here because it suggests that there will be no big harm to the economy if the wealthy 1% are taxed at a higher rate. that said, i would assume -- and you'll have to weigh in here tha, that loopholes are still highly in play. >> you have to add up what all of the math shows and if you -- forget about the middle class. for wealthy people you say you can no longer deduct your home mortgage, your charitable contributions, some of your --
boehner says he's open to that but not by raising the so-called tax rate. he's opened to that by eliminating tax loopholes and exemptions and generating tax revenue by an improved economy if the gdp goes up. people will be making more money, presumably, that's the theory. there's some maneuverability. i suspect the pressure is so great that they will get some kind of a deal. it may not be a permanent deal but maybe enough to kick the ball down the road and study major tax reform over the next...
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Nov 18, 2012
11/12
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you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the cliff and get blamed for that? >> well, it's a tough situation for them. there's no question about it because as you know, the default position, if we don't do anything is for the taxes to go up on everybody on january 1st, and that's something i think both sides want to avoid. it's very interesting, the thing that happened this week to start the week, was who was the first person that barack obama met with in the white house since his election, the labor unions, the labor block, that tells a lot who is driving policy at least at the start of the second term? and the labor unions basica
you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the...
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Nov 13, 2012
11/12
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business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows, untouchables, whatever the word might be, in your proposal, the one paul ryan decided not to back, the one barack obama decided not to back, you had an increase in the federal gasoline tax. caps on mortgage interest. charitable donations and retirement contributions. these were all top choices. you also increased the eligibility age for medicare and social security. reduced benefits for wealthier seniors. some of those things average democrats and republicans say they agree on, other, they loathe them. is there anything that should be untouchable? >> the problems are real, no easy way out. we've got to come up with at least $4 trillion of d
business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows, untouchables, whatever the...
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Nov 12, 2012
11/12
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boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it. >> we'll see. as we quickly approach it. my thanks to the power panel today. i really appreciate your time today. >>> coming up next, a bipartisan plan to fix the nation's debt. the co-chairs are going to join me, ed rendell and former new hampshire senator judd gregg will join me to talk about this. we want to know what you think. should general petraeus have resigned? tweet me your thoughts about this or find me on facebook. oun] today, jason is here to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in
boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it....
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Nov 20, 2012
11/12
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people did not put john boehner into office to equivocate and become a democrat like. tom: you're her the republican party has to change. >> mitt romney moves to the middle on a lot of issues and it got him a lost election. at the end of the day there are issues. there are things that are right and there are things that are wrong. president obama's tax hikes would need to crucify small businesses in this country like along with obamacare, it is a crushing blow to the ethereal spirit and the bottom line. you already see businesses maneuver and they are not going to hire more than 25 employees or work over 30 hours and this tax hike on over people who make under $50,000, the majority of those are small businesses. by the way, this is a big old news flash. 2%. 2.1% of the population makes 250. come on. tom: it is the same answer the president has given before. a lot of surveys lately, we understand, it won't fix the deficit. you think it is going to? no, but what is it for? it is because of fairness. >> that is what i want people to understand the president obama does not
people did not put john boehner into office to equivocate and become a democrat like. tom: you're her the republican party has to change. >> mitt romney moves to the middle on a lot of issues and it got him a lost election. at the end of the day there are issues. there are things that are right and there are things that are wrong. president obama's tax hikes would need to crucify small businesses in this country like along with obamacare, it is a crushing blow to the ethereal spirit and...
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Nov 15, 2012
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house speaker john boehner was easily re-elected to the post on wednesday with the exception of one vote, texas congressman nominated former speaker newt gingrich. it would have been perfectly legal but no one seconded the nomination. his fellow texan congressman ron paul gave part one of the farewell speech as he prepares to retire at year's end. >> sadly, many religious groups, secular organizations and psychopathic authoritarians endorse government initiated force to change the world. >> national journal reports wisconsin congressman and former vp hopeful paul ryan will remain house budget committee chairman after being granted a gop waiver to avoid being term limited out of that spot. >>> senate majority leader harry reid lashed out at massachusetts senator scott brown mocking brown's calls for bipartisanship as a joke, describing brown as one of the most partisan senators ever to serve. >>> we now know which political office may be sought by another member of the bush family, george p. bush. his father, former florida governor jeb bush, confirms in a letter to potential donors that
house speaker john boehner was easily re-elected to the post on wednesday with the exception of one vote, texas congressman nominated former speaker newt gingrich. it would have been perfectly legal but no one seconded the nomination. his fellow texan congressman ron paul gave part one of the farewell speech as he prepares to retire at year's end. >> sadly, many religious groups, secular organizations and psychopathic authoritarians endorse government initiated force to change the world....
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Nov 12, 2012
11/12
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john boehner has already talked about working with the president on this. let me say this, the vitriol of the last two years or maybe the last four years on both sides to have fence, democrats and republicans, need, that needs to stop. we need to move forward together as a united america and put the vitriol away, put the campaign mode away. i think all americans want that. i know some republicans want that and some democrats want that. let's find that common ground and move forward. shannon: this event that the president had last friday at the white house to a lot of people looked a lot like a campaign event. they was surrounded by people who were described as middle class americans who had voted for him and stakeholders who want to see his particular plans forwarded. there were no questions from the press. it looked a lot like a campaign event. brad, this is part of what the president had so say. he said on tuesday voters said loud and clear on tuesday they won't tolerate politicians who use compromise as a dirty word. cooperation, consensus. is the presid
john boehner has already talked about working with the president on this. let me say this, the vitriol of the last two years or maybe the last four years on both sides to have fence, democrats and republicans, need, that needs to stop. we need to move forward together as a united america and put the vitriol away, put the campaign mode away. i think all americans want that. i know some republicans want that and some democrats want that. let's find that common ground and move forward. shannon:...
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Nov 15, 2012
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FBC
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this than i will be, but judge from appointment made in the house from reads of riot ac from speaker boehner to republican groups to many tea partiers, message of get in line, what do you make of that? >> it may be true. it is hard to read too much into those statements and hard to come to firm conclusions right now to what they mean. those of us who owe our election to this movement. who understand that our constituents expect to us hold government spending, need to stay true to our principles and remember why we came here. neil: well, some -- i can understand maybe some disappointment at tea party senate candidates who seem to grab defeat from the jaws of what looked like victory. i can understand frustration on part of some republicans, but they forget the tea party that brought so many of you to power and house provided 80 something odd you know restless revolutionaries to two took over the place. i am wondering some tea parties are chafing about it? >> we have to remember, neil, that we had 3 u.s. senators elected this year, under the republican party, all three can be closely identifie
this than i will be, but judge from appointment made in the house from reads of riot ac from speaker boehner to republican groups to many tea partiers, message of get in line, what do you make of that? >> it may be true. it is hard to read too much into those statements and hard to come to firm conclusions right now to what they mean. those of us who owe our election to this movement. who understand that our constituents expect to us hold government spending, need to stay true to our...
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Nov 14, 2012
11/12
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if they're going with boehner, it's a sign they'll deal. >> i want to bring in a democrat on both the armed services committee and select committee on intelligence and the fiscal cliff if i might. do you think the republicans will come to play? >> i believe that they will. it's my hope that everyone has gotten the message loud and clear that the american people expect us to compromise, democrats and republicans coming together to solve the fiscal cliff issue but in a balanced way and that is certainly what president obama has campaigned on protecting a strong middle class, allowing the tax cuts to expire above $250,000, but we can't be afraid to compromise but we can do that without compromising our principles. >> is part of this deal-making that the president wants to start his offer with more from the revenue side, the deal that fell apart, have $800 billion in revenue over ten years, now he might want to start with 1.6 trillion? >> sure, we're just -- let's put this in perspective. we have just over a trillion dollar budget deficit this year. so this part of raising additional reve
if they're going with boehner, it's a sign they'll deal. >> i want to bring in a democrat on both the armed services committee and select committee on intelligence and the fiscal cliff if i might. do you think the republicans will come to play? >> i believe that they will. it's my hope that everyone has gotten the message loud and clear that the american people expect us to compromise, democrats and republicans coming together to solve the fiscal cliff issue but in a balanced way...
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can boehner think, look, i've got as much mandate as the president? >> i think he should absolutely think that, paul. the president made clear, didn't really run on the second term agenda and didn't talk about it much. i'll tell you what the mandate is right now, the mandate is that fiscal cliff, the bipartisan mandate. >> paul: to go off it is the mandate or not to go off. >> i think the stock market went off in the last week, people are saying pretty clearly you've got to do something about this now. i think they have a lot of leverage here, because if something isn't done, the economy is going to decline, maybe go into recession and i think employment can get as high as 10%. >> paul: if we had another recession it would have. >> if you're the president of the united states in a second term, you do not want a legacy, unemployment-- >> the lesson, don't give in at all, you won and if you go off a cliff, you blame them and they'll get the blame. >> he has no other term. i think obama's going to start thinking about his legacy and i predict he may thro
can boehner think, look, i've got as much mandate as the president? >> i think he should absolutely think that, paul. the president made clear, didn't really run on the second term agenda and didn't talk about it much. i'll tell you what the mandate is right now, the mandate is that fiscal cliff, the bipartisan mandate. >> paul: to go off it is the mandate or not to go off. >> i think the stock market went off in the last week, people are saying pretty clearly you've got to do...
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Nov 14, 2012
11/12
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amount is likely far more than republicans would be willing to accept and double the amount that speaker boehner had offered the president during their debt negotiations last year. today, the president is scheduled to meet with ceos from a dozen companies among them general electric, ford and ibm. they'll discuss ways to work together and try to find a balanced approach to reducing the deficit. during a closed door meeting yesterday with union leaders and liberal supporters, president obama reportedly vowed that he would "not budge" when it comes to letting the bush tax cuts expire for the country's highest earners. labor leader and president of the afl-cio was among those at the white house meeting and says he and the president are right now on the same page, richard trumka. >> we're working to make sure we're not paying a tab for a party we didn't go to. the president led with the notion of protecting the middle class and now you have republicans that have it in their power and could sign a bill tomorrow that protects the middle class so we'll see what they can. are we going to push them on th
amount is likely far more than republicans would be willing to accept and double the amount that speaker boehner had offered the president during their debt negotiations last year. today, the president is scheduled to meet with ceos from a dozen companies among them general electric, ford and ibm. they'll discuss ways to work together and try to find a balanced approach to reducing the deficit. during a closed door meeting yesterday with union leaders and liberal supporters, president obama...
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Nov 12, 2012
11/12
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but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the president begins making his case this week. what's different this time is that administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up, and spending be cut if he can't get the deal he wants. norah, charlie? >> wow. bill plante in washington, thank you. >>> later this morning we'll ask conservative activist grover norquist if republicans are backing away from his no tax increase pledge. >>> two weeks ago today superstorm sandy battered the northeast. more than 100,000 homes and businesses still have no power. most of them are on new york's lon
but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the...
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Nov 12, 2012
11/12
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WUSA
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. >> while members are not supportive of the tax plan, john boehner are urging them to make compromise, something president obama senior adviser david axelrod called encouraging. >> there's money tbe gained by closing some of these loopholes and applying them to deficit reductions. >> one half of those automatic spending cuts would affect the defense department's budget. david martin shows us what that means for the military. >> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words. >> if sequestration goes into effect it's a disaster for national defense. >> reporter: the strategy of pivoting away from the wars in iraq and afghanistan towards the pacific and an emerging chinese superpower would come undone. >> all of that can go to hell if this congress doesn't face up and deal with the issue of sequestration. >> reporter: in this letter to senators panetta warned by the time sequestration was over the u.s. would have the smallest ground force since 1940, s
. >> while members are not supportive of the tax plan, john boehner are urging them to make compromise, something president obama senior adviser david axelrod called encouraging. >> there's money tbe gained by closing some of these loopholes and applying them to deficit reductions. >> one half of those automatic spending cuts would affect the defense department's budget. david martin shows us what that means for the military. >> reporter: the dreaded sequestration would...
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Nov 16, 2012
11/12
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CNBC
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what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these bounces. >> what a significant pop seeing in the stock market, guys. throw up the dow industrials on an intraday. in fact, throw up all three intraday charts because you're going to see quite a dramatic reversal. the dow industrials up 48 points. highs of the day, again, down 50 to 60 points or so as the wraps wrapping up and positive comments of the leaders in the room with the president today. unless you have a rally on wall street and let's get to washington to the north lawn of the white house where john harwood is. this seemed to go as well as one could hope thus far, at least. >> reporter: i thin
what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these...
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Nov 13, 2012
11/12
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WTTG
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>> well, it's not clear what john boehner is saying. what he said the other day was heard differently by different people. if he is finally willing to say we need to take a balanced approach to long-term deficit through a mix of cuts and revenue. if you don't ask folks at the high end to pitch in more, you hit everybody else harder. so if he's willing to finally say okay very wealthy or higher income individuals need to pitch in more to reduce our deficit, in a real way, we can make progress. it would be great if he put his plan out on the table which is what the president's done. then we could see how meaningful it was. what's the best likelihood this will be resolved in some meaningful way before the physical clal cliff takes affect or you'll get some things done and kick it down the road another six months or a year to give yourselves more time to work on the bigger issues? >> when it comes to this sequester, i think there's a chance we could at least come up with an alternative set of savings. i would hope to carry us through the re
>> well, it's not clear what john boehner is saying. what he said the other day was heard differently by different people. if he is finally willing to say we need to take a balanced approach to long-term deficit through a mix of cuts and revenue. if you don't ask folks at the high end to pitch in more, you hit everybody else harder. so if he's willing to finally say okay very wealthy or higher income individuals need to pitch in more to reduce our deficit, in a real way, we can make...
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Nov 12, 2012
11/12
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WJLA
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yesterday john boehner told die an that is a nonstarter. >> i made clear yesterday that raising tax rates is unacceptable. and frankly it couldn't even pass the house. >> still today the president said the debate had been settled. >> this was a central question during the election. it was debated over and over again and on tuesday ni
yesterday john boehner told die an that is a nonstarter. >> i made clear yesterday that raising tax rates is unacceptable. and frankly it couldn't even pass the house. >> still today the president said the debate had been settled. >> this was a central question during the election. it was debated over and over again and on tuesday ni
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Nov 14, 2012
11/12
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FBC
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lori: what do you think takeaway -- >> by the way neither can john boehner, good point. what is the takeaway among the best solutions for the fiscal cliff among all the people you talk to? >> the most intelligent thing to do here, i know a lot of people won't like this, to defer the decision until people come in with a new congress. we have a new congress coming in with the president beginning his second term and take at least section to nine months to resolve the tax --. melissa: here comes the president right now. first news conference since re-election. let's listen in. >> i hear you have some questions for me but, let me just make a few remarks at the top and then i will open it up. first i want to reiterate what i said on friday. right now our economy is still recovering from a very deep and damaging crisis. so our top priority has to jobs and growth. we've got to build on the progress that we've made because this nation succeeds when we've got a growing thriving middle class. that is the idea a the core of the plan that talked about on the campaign trail over the l
lori: what do you think takeaway -- >> by the way neither can john boehner, good point. what is the takeaway among the best solutions for the fiscal cliff among all the people you talk to? >> the most intelligent thing to do here, i know a lot of people won't like this, to defer the decision until people come in with a new congress. we have a new congress coming in with the president beginning his second term and take at least section to nine months to resolve the tax --. melissa:...
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Nov 14, 2012
11/12
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for boehner, he wants a deal. i do want to comment a second on the interview you had with paul ryan. ryan might not think that there is a mandate, but the president does, congressional democrats do, and the public does, if you look at polling. and there's zero chance that the president is going to compromise on this, which is why i think there's a decent chance all the tax cuts go away at the end of the year. the president put down a marker yesterday saying $1.6 trillion in total revenue that he wants to raise. i don't think that's the real number. i think that's a negotiated number. but you know the floor is $800 billion because that's what he had last year when he had a much weaker hand. so the number falls in between 800 and $1.6 trillion. you can't get to that number by just closing loopholes. there's no way congress is going to get rid of the charitable tax deduction. there's no way that we're going to change the dynamics in the housing market when the housing market is starting to recover by getting rid of t
for boehner, he wants a deal. i do want to comment a second on the interview you had with paul ryan. ryan might not think that there is a mandate, but the president does, congressional democrats do, and the public does, if you look at polling. and there's zero chance that the president is going to compromise on this, which is why i think there's a decent chance all the tax cuts go away at the end of the year. the president put down a marker yesterday saying $1.6 trillion in total revenue that...